Ledger Nano S

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Thursday, March 23, 2017

Is This Massive Power Struggle About To Blow Up Bitcoin?

Is This Massive Power Struggle About To Blow Up Bitcoin?

Bitcoin's price plunged 25% over the weekend on rumors of a conspiracy theory to take over the network. 

Long-simmering tensions between two factions hardened, with each side threatening the other with everything ranging from lawsuits to software changes that would completely cut off the opposing group. 

Twitter, Reddit and Bitcoin forums were aflame with insults and tough talk as each stakeholder vied to ensure that their piece of the cryptocurrency, whose market cap fell from $20 billion to $15.5 billion, remained secure. 

“We’re dangerously close to what could be the death of bitcoin,” said bitcoin developer Andrew DeSantis over the weekend after he posted a tweet storm Friday that set off alarm bells for many in the community.

Full story at http://bit.ly/2nftFrR

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